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The Independent UK
The Independent UK
National
Sam Kiley

Ukraine minerals deal to split profits 50-50 with US

Ukraine United States
  • The US and Ukraine are finalising a 50-50 minerals profit-sharing deal, expected to be signed as soon as Thursday.
  • The deal marks a shift from previous US demands for Ukraine to repay past aid, and is being referred to by Ukraine’s prime minister Denys Shmyhal as “a real partnership deal”.
  • The agreement will see profits invested in rebuilding Ukrainian infrastructure over the next 10 years.
  • The first phase of the deal has also dropped previous American demands to control that infrastructure.
  • The deal suggests that US support for Ukraine in the war against Russia may now be influenced by potential profits.

IN FULL

US and Ukraine set to be 50-50 partners in shared minerals deal after shift from Trump

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